Honeycomb Ceramics Market (10% CAGR) | Expected to Reach USD 4,870 MN by 2027

The global Honeycomb Ceramics market generated revenue of around USD 2,500 million in 2020 and anticipated to grow at a CAGR of over 10% during the forecast period from 2021 to 2027 to reach around USD 4,870 million in 2027.

A ceramic honeycomb structure comprises of a ceramic honeycomb body which has inner cell walls defined by a large number of longitudinally extending cells, and an outer wall which is formed on an outer peripheral surface of the ceramic honeycomb body. Ceramic honeycombs are usually formed by extrusion process and then this structure undergoes a sintering process and conventional binder burn-out process.

Key Trends in Global Honeycomb Ceramics Market

Advantages of Honeycomb ceramics over other products

Honeycomb ceramics has possessed higher surface area, lower bed resistance, strength and facilitate excellent distribution of vapor-liquid in more evenly manner. It effectively extends the service life in the pharmaceutical, petrochemical and fine chemical industry as the filler effect is quite good as compared to other products. Honeycomb ceramic materials are made using a specific coating material, various rare earth elements and transition metal preparation, and thus has the advantage of good thermal stability, high catalytic activity, high strength and long life. These advantages of honeycomb ceramics are expected to fuel the growth of honeycomb ceramics market.

Impact of COVID 19 on Global Honeycomb Ceramics Market

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries, prompting the WHO to declare it a public health emergency. The global effects of COVID-19 are already being felt, and will have a significant impact on Honeycomb Ceramics in 2020. COVID-19 has had three major effects on the global economy: it has affected demand and production, it has hampered the supply chain and caused market disruption, and it has had a financial impact on firms. Because of the decrease in demand for automobiles, COVID 19 has had an impact on the growth of the honeycomb ceramics market. COVID 19 resulted in a 15% decrease in total revenue generated by the global Honeycomb Ceramics market in comparison to 2019.

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Global Honeycomb Ceramics Market by Product Type Insights

Regenerative body, filler, catalyst carrier and filter material are main types of Honeycomb Ceramics market. Filter material is the largest segment due to replacement required after regular intervals.

Global Honeycomb Ceramics Market by Application Insights

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Global Honeycomb Ceramics Market by Regional Insights

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Global Honeycomb Ceramics Market Competitive Landscape

The major players of the global Honeycomb Ceramics market include Yuanchuang Honeycomb Ceramics Manufacturing,IBIDEN CO.,LTD., Marketech International, Rauschert GmbH, Fraunhofer IKTS, Applied Ceramics, Shandong Guiyuan Advanced Ceramic, Christy Catalytics, and Others. The report covers detailed profiles of the key players.

Market Segmentation

Global Honeycomb Ceramics Market by Type, 2015 – 2027

· Regenerative Body

· Filler

· Catalyst Carrier

· Filter Material

Global Honeycomb Ceramics Market by Application, 2015 – 2027

· Casting Filters

· Water Gas Purification

· Automotive

· Energy Saving Industry

· Others

Global Honeycomb Ceramics Market by Region, 2015 – 2027

· North America

· Europe

· Asia Pacific

· Latin America

· Middle East and Africa

Global Honeycomb Ceramics Market: Key Players

· Rauschert GmbH

· IBIDEN CO., LTD.

· Applied Ceramics

· Marketech International

· Christy Catalytics

· Fraunhofer IKTS

· Shandong Guiyuan Advanced Ceramic

· Yuanchuang Honeycomb Ceramics Manufacturing

.  Others

Browse the full report at https://www.credenceresearch.com/report/honeycomb-ceramics-market

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Tags: market, Size, Share, Ceramics, Honeycomb

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